Iran puts trade time restrictions on crypto exchanges after a 90 million dollar hack from Nobitex

Iran puts trade time restrictions on crypto exchanges after a 90 million dollar hack from Nobitex

Iran: Commercial time restrictions for crypto exchanges after large hack

The Iranian central bank has introduced trading time restrictions on crypto exchanges due to a significant security incident. This measure is followed by a hacker attack, in which the largest crypto platform in the country, Nobitex, was made easier for around $ 90 million.

The central bank's decision aims to increase security in the crypto market and strengthen the trust of investors. After the incident, it is important to regulate the trading activities to minimize potential risks and reduce the likelihood of further hacks.

This development is part of a larger trend in which countries are globally trying to regulate their crypto markets and improve security standards. The incident at Nobitex has shown the vulnerability of digital platforms and illustrates how important it is to implement robust security measures.

With the new trading time restrictions, the Iranian central bank hopes to create a controlled and safer environment for trade in cryptocurrencies and at the same time offer investors a certain protection against possible losses. The response to this hacker attack could lead to other countries considering similar measures to improve security in their own crypto markets.